The Moorestown Mall has struggled financially over the years with many locals preferring to travel to the Cherry Hill Mall or Philadelphia to shop and dine. But Joe Coradino, the CEO of PREIT, the mall’s parent company, believes that will soon change thanks to Osteria, a new movie theater and the upcoming opening of Distrito, from Iron Chef Jose Garces.

“In the case of bringing in a fine restaurant, they're actually a better anchor because that’s a different purchase,” said Coradino. “It’s actually a better anchor because it’s a different purchase. It’s a better opportunity for us to drive traffic in our properties.”